Latest Ratios: P/E Ratio 46.4x · EV/EBITDA 11.8x · ROE 6.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $3.3B | $1.7B | $2.1B | $2.2B | $3.3B | $2.8B | $2.6B | $2.0B | $4.7B | $2.8B |
| Enterprise Value | $6.7B | $6.3B | $4.1B | $4.6B | $4.5B | $5.7B | $4.9B | $4.7B | $3.3B | $5.9B | $3.7B |
| P/E Ratio → | 46.41 | 37.13 | — | 56.19 | — | 16.90 | — | 11.67 | 4.68 | 45.08 | 4.35 |
| P/S Ratio | 0.49 | 0.44 | 0.16 | 0.20 | 0.21 | 0.37 | 0.40 | 0.31 | 0.25 | 0.65 | 0.48 |
| P/B Ratio | 4.49 | 3.59 | 1.06 | 1.16 | 1.21 | 1.54 | 1.40 | 1.24 | 1.29 | 4.05 | 2.24 |
| P/FCF | 12.44 | 11.10 | 12.16 | — | 10.40 | — | 47.01 | 12.52 | 8.22 | 29.21 | 44.94 |
| P/OCF | 7.24 | 6.46 | 3.73 | 4.44 | 3.35 | 21.12 | 7.31 | 4.15 | 3.52 | 8.49 | 7.26 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.85 | 0.40 | 0.43 | 0.44 | 0.64 | 0.69 | 0.54 | 0.40 | 0.82 | 0.64 |
| EV / EBITDA | 11.84 | 11.14 | 10.35 | 11.86 | 13.62 | 12.50 | 15.90 | 6.88 | 4.95 | 10.20 | 8.83 |
| EV / EBIT | 31.68 | 35.08 | 12.76 | 14.04 | 18.09 | 16.25 | 27.76 | 7.80 | 5.15 | 10.65 | 8.71 |
| EV / FCF | — | 21.31 | 29.69 | — | 21.38 | — | 81.88 | 22.20 | 13.46 | 36.64 | 60.38 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.0% | 8.0% | 8.5% | 8.5% | 7.5% | 9.4% | 8.7% | 13.1% | 14.2% | 14.7% | 14.5% |
| Operating Margin | 2.8% | 2.8% | -0.3% | -0.3% | -0.6% | 0.8% | -0.8% | 4.0% | 4.8% | 4.8% | 4.2% |
| Net Profit Margin | 1.1% | 1.1% | -0.6% | 0.4% | -2.4% | 2.2% | -0.4% | 2.6% | 5.2% | 1.5% | 11.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.8% | 6.8% | -3.3% | 2.1% | -12.2% | 9.4% | -1.5% | 12.3% | 31.6% | 9.2% | 61.7% |
| ROA | 1.1% | 1.1% | -0.7% | 0.5% | -3.2% | 2.6% | -0.4% | 3.4% | 7.4% | 2.1% | 13.9% |
| ROIC | 4.0% | 4.0% | -0.5% | -0.6% | -1.0% | 1.2% | -1.0% | 7.3% | 11.3% | 11.4% | 9.5% |
| ROCE | 4.5% | 4.5% | -0.5% | -0.6% | -1.2% | 1.3% | -1.0% | 7.2% | 9.6% | 9.1% | 7.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.82 | 3.82 | 1.84 | 1.63 | 1.51 | 1.23 | 1.32 | 1.20 | 1.16 | 1.55 | 1.34 |
| Debt / EBITDA | 6.17 | 6.17 | 7.36 | 7.74 | 8.30 | 5.81 | 8.58 | 3.75 | 2.70 | 3.11 | 3.92 |
| Net Debt / Equity | — | 3.31 | 1.53 | 1.34 | 1.28 | 1.10 | 1.04 | 0.96 | 0.83 | 1.03 | 0.77 |
| Net Debt / EBITDA | 5.34 | 5.34 | 6.11 | 6.37 | 7.00 | 5.23 | 6.77 | 3.00 | 1.93 | 2.07 | 2.26 |
| Debt / FCF | — | 10.21 | 17.53 | — | 10.99 | — | 34.87 | 9.69 | 5.24 | 7.43 | 15.44 |
| Interest Coverage | 1.00 | 1.00 | 1.99 | 2.11 | 1.93 | 2.69 | 1.28 | 4.93 | 6.61 | 5.43 | 3.81 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.17 | 1.17 | 1.45 | 1.58 | 1.54 | 1.65 | 1.69 | 1.71 | 1.66 | 1.69 | 1.82 |
| Quick Ratio | 0.86 | 0.86 | 0.84 | 0.93 | 0.90 | 0.93 | 1.10 | 1.07 | 1.07 | 1.12 | 1.31 |
| Cash Ratio | 0.14 | 0.14 | 0.19 | 0.20 | 0.17 | 0.13 | 0.30 | 0.29 | 0.30 | 0.38 | 0.59 |
| Asset Turnover | — | 0.96 | 1.37 | 1.33 | 1.36 | 1.17 | 0.96 | 1.19 | 1.38 | 1.28 | 1.20 |
| Inventory Turnover | 6.80 | 6.80 | 6.08 | 5.76 | 5.84 | 5.18 | 5.64 | 6.28 | 6.78 | 6.34 | 7.81 |
| Days Sales Outstanding | — | 60.69 | 51.68 | 57.09 | 56.64 | 62.88 | 73.55 | 55.26 | 55.72 | 59.04 | 52.06 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.6% | 3.5% | 2.7% | 2.7% | 1.7% | 0.5% | 2.2% | 2.9% | 0.7% | 1.3% |
| Payout Ratio | 63.5% | 63.5% | — | 152.6% | — | 29.4% | — | 25.7% | 13.6% | 31.5% | 5.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 2.7% | — | 1.8% | — | 5.9% | — | 8.6% | 21.3% | 2.2% | 23.0% |
| FCF Yield | 8.0% | 9.0% | 8.2% | — | 9.6% | — | 2.1% | 8.0% | 12.2% | 3.4% | 2.2% |
| Buyback Yield | 17.5% | 19.7% | 0.0% | 0.0% | 1.2% | 0.7% | 0.0% | 0.9% | 1.3% | 0.0% | 2.9% |
| Total Shareholder Yield | 18.8% | 21.3% | 3.5% | 2.7% | 3.8% | 2.4% | 0.5% | 3.1% | 4.2% | 0.7% | 4.2% |
| Shares Outstanding | — | $139M | $145M | $145M | $144M | $146M | $145M | $145M | $147M | $147M | $147M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DAN stock.
Dana Incorporated's current P/E ratio is 46.4x. The historical average is 20.4x. This places it at the 91th percentile of its historical range.
Dana Incorporated's current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
Dana Incorporated's return on equity (ROE) is 6.8%. The historical average is 5.8%.
Based on historical data, Dana Incorporated is trading at a P/E of 46.4x. This is at the 91th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Dana Incorporated's current dividend yield is 1.31% with a payout ratio of 63.5%.
Dana Incorporated has 8.0% gross margin and 2.8% operating margin.
Dana Incorporated's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Revenue volatility and margin compression
Metrics are mathematically derived from official filings.
Margin Recovery Remains Elusive
Dana's gross margin improved to 10.4% in 2026Q2 from 5.6% in 2024Q1, yet operating margin hovers near 3%, well below peers, indicating limited pricing power, per reported figures.
Despite sequential gross margin improvement, operating margin has remained in a narrow 2-4% band over the past ten quarters, suggesting that cost structure and fixed overheads are absorbing any revenue gains. Net margin turned slightly negative in 2026Q2, reflecting the impact of interest expense and non-operating charges. The gap between gross and operating margin implies that Dana's earnings power is constrained by structural costs rather than raw material pricing.
Return on Capital Stalls Near Zero
ROIC has oscillated between -6.4% and 1.9% over the last ten quarters, with 2026Q2 at 1.4%, indicating that capital deployed is generating minimal returns, based on financial statements.
The persistently low ROIC, despite a significant deleveraging and equity rebuild, suggests that the asset base is not being utilized efficiently to generate profits. The improvement from the 2025Q4 trough of -3.7% to 1.4% in 2026Q2 is modest and remains far below the cost of capital. This implies that Dana is not compounding shareholder value, and the recent equity infusion may be masking underlying operational weakness.
Working Capital Efficiency Improves
Cash conversion cycle shortened to 56 days in 2026Q2 from 73 days in 2024Q2, driven by faster receivables collection and inventory turnover, as reported in SEC filings.
The reduction in DSO from 78 to 71 days and DIO from 76 to 50 days over the same period indicates improved working capital management, though DPO also declined, suggesting less supplier leverage. The positive CCC trend is a bright spot, but it may reflect lower sales volumes rather than structural efficiency gains. Asset turnover remains low at 0.33, indicating that the asset base is not generating sufficient revenue per dollar of assets.
Leverage Normalizes After Spike
D/E fell from 3.82 in 2025Q4 to 0.76 in 2026Q2, while interest coverage improved to 3.81, indicating reduced financial risk, per reported figures.
The dramatic deleveraging, with total debt halved to $1.5B, appears to be a result of an equity infusion or asset sales, as equity jumped from $861M to $1.9B. Interest coverage of 3.81 in 2026Q2 is a significant improvement from the negative readings in 2025Q4, but it remains below the 5x threshold often considered comfortable. The D/EBITDA ratio of 9.82 in 2026Q2, though down from 30.10 in 2025Q2, is still elevated, suggesting that EBITDA generation is weak relative to debt.
Liquidity Improves but Cash Thins
Current ratio improved to 1.49 in 2026Q2 from 1.17 in 2025Q4, but cash dropped to $331M from $476M, indicating a tighter cash buffer, as disclosed in financial statements.
The current ratio above 1.5 suggests adequate short-term coverage, but the quick ratio of 1.03 indicates that inventory is a significant component of current assets. The decline in cash reserves, despite improved liquidity ratios, may indicate that the company is using cash to pay down debt or fund operations. Under a severe demand shock, the thin cash buffer could strain liquidity, especially if working capital swings reverse.
P/E Misleads on Cyclical Earnings
Dana's trailing P/E of 47.5 is distorted by depressed earnings, while forward P/E of 12.4 better reflects normalized earnings, but EV/EBITDA of 12.0 suggests the market is pricing in recovery, per reported figures.
The trailing P/E is not meaningful for a cyclical company with volatile earnings; the forward P/E of 12.4 is more indicative of expected earnings recovery, but it relies on analyst estimates that may be optimistic. EV/EBITDA of 12.0 is above the peer median, suggesting that the market is pricing in a margin recovery that has not yet materialized. Investors should focus on EV/EBITDA and ROIC rather than P/E, as the latter is distorted by the current trough in earnings.